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Listing 3 out of 84
$639,700 Pending

5427 31st Avenue S
Gulfport, FL 33707

4 units | Multi Family Home
8712 sq ft lot - MLS# O5806312
Property Photo
1/14

Description

One or more photo(s) has been virtually staged. An income property dream come true: and a RARE opportunity to own an ever appreciating investment in the very heart of the much sought-after Waterfront Arts District in Gulfport! Nestled on a quaint brick street, a block away from the iconic Gulfport Casino and the Pier, restaurants, shops and entertainment, overlooking the dreamy anchorage of Boca Ciega Bay, this Four Plex : 4 One bedroom - One bathroom property is ready for its new owner. Solid concrete block construction on oversized 140' lot in the heart of the Art District, updated with hurricane compliant doors and windows, new roof (5/19), new luxury vinyl plank floors (6/19), all new kitchens and bathrooms (7/19), outfitted with all new fixtures and appliances. Each of the Four (4) units is on a separate electric and water meter, has its own driveway with a carport, and a sizable backyard. All units share a laundry and a storage room, with a private backyard access. The lucky new owner of this income producing property can tailor the rent of the units as they please: 30 day vacation rental ($900/week in peak season); month to month or an yearly lease, and any length under 30 days 3 times/year (AirBnB). Units-wise, the possibilities abound : full rental income from all 4 units, live in one and rent the other 3; convert 2 of the units in a 3bed/2 bath single residence, and rent the other 2. All the while retaining ownership of a property in the heart of the Art District, and a block away from the most magical sunsets in the world.

Features

  • Property Type: Multi Family Home
  • Sub Type: Quadruplex
  • Listing Status: Pending
  • County/Area: Pinellas County
  • Zip Code: 33707
  • Year Built: 1948
  • Subdivision/Neighborhood: Boca Ceiga Park
  • Sq.Ft.: 2,208 sq ft
  • Style: Quadruplex (Multi-Family)
  • Stories: One
  • Units: 4 units
  • Lot Size: 8712 sq ft lot
  • Additional Rooms: Storage Rooms
  • Annual Net Income: 55320.00
  • Appliances: Microwave, Refrigerator
  • Building Area Source: Public Records
  • Building Area Total: 2208.00
  • Carport Spaces: 4
  • Carport YN: Yes
  • Construction Materials: Block, Other, Stucco
  • Cooling: Wall/Window Unit(s)
  • Country: US
  • Est Annual Market Income: 55320.00
  • Exterior Features: Rain Gutters, Sidewalk
  • Heating: Electric
  • Interior Features: Solid Surface Counters, Solid Wood Cabinets
  • Lease Term: 12 Months
  • Lot Dimensions: 140X60
  • Lot Features: FloodZone, Oversized Lot, Street Brick
  • Lot Size Square Feet: 8682
  • Other Structures: Shed(s)
  • Parcel Number: 33-31-16-09612-003-0030
  • Parking Features: Covered, Driveway, Parking Pad
  • Patio And Porch Features: Deck
  • Property Condition: Completed
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
  • Tax Year: 2017
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Total Acreage: Up to 10889 Sq. Ft.
  • Total Actual Rent: 4800
  • Total Monthly Expenses: 700
  • Total Num Buildings: 2
  • Township: 31
  • Unit Count: 4
  • Utilities: Cable Available, Electricity Connected, Public
Courtesy of Bar Invest Realty Llc

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